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US Oct. Budget Deficit Swells 287% To $257 Billion
U.S. October budget deficit jumps to $257 billion, handing hole to Trump
The U.S. budget deficit jumped nearly four-fold to $257 billion in October, a figure inflated by one-off factors, the Treasury Department said on Wednesday in a report that started off a new fiscal year with a big hole to be turned over to President-elect Donald Trump in January.
U.S. budget deficit swells in October as Wall Street worries mount over debt
The U.S. government had a monthly budget deficit of $257 billion in October, as spending on health programs ramped up and collection of corporate taxes fell. The figures released Wednesday follow the Treasury Department's report last month that the 2024 fiscal year had a deficit of [$1.
US October Budget Deficit Swells 287% To $257 Billion
The U.S. budget deficit exponentially increased and reached around $257 billion in October, primarily due to one-off factors. According to a report by the Treasury Department released on Wednesday, the figure was a sharp increase of 287% from October 2023's $67 billion deficit.
3h
Maryland's $2.7B budget hole requires thoughtful (and immediate) attention
Governor Moore and state lawmakers in Annapolis need to both raise taxes and cut spending to meet the fiscal moment.
1h
Nigeria plans $28 bln spending for 2025 budget, minister says
Nigeria plans 47 trillion naira ($28.18 billion) expenditure for 2025 budget on an oil price assumption of $75 per barrel and ...
1d
on MSN
CNN staffers 'deeply frustrated' as looming budget cuts, layoffs set to impact struggling network
Fox News Digital spoke with CNN insiders worried about the looming layoffs and budget cuts that are about to rattle the ...
Legit on MSN
1h
BREAKING: Tinubu proposes about N5o trillion as 2025 budget
President Bola Tinubu-led federal government has proposed an all time high trillions for the 2025 budget. Details of the new ...
wjactv
11m
Johnstown City Council unveils 2025 budget, highlights amusement tax revenue
The Johnstown City Council introduced its proposed 2025 budget and emphasized that they want to avoid tax increases for ...
Harvard Business Review
2h
How AI Can Help Your Company Set a Budget
AI has been heralded — and put to use — as a groundbreaking new tool that companies can use in the budgeting process. But ...
13h
on MSN
Utah’s public colleges may face budget cuts in 2025
So far, higher ed administrators haven’t publicly discussed the possible budget cuts, instead saying they’re still having ...
21h
Columbus Mayor Ginther proposes $1.23B operating budget for 2025
Columbus Mayor Andrew Ginther's proposed operating budget for 2025 keeps housing a main priority, but its spending increases ...
17h
Pittsburgh economist explains what latest data means for your holiday budget
The latest economic data shows consumer prices rose slightly in October, which is impacting people's holiday budgets.
1d
Mexico Budget Plans to Include $6 Billion Support for Pemex Debt
Mexico plans to set aside about $6 billion for state oil company Petroleos Mexicanos in its 2025 draft budget, people ...
7h
Hospice faces axing jobs over £1m hole in budget
The hospice said a consultation with staff over redundancies was now under way. Earlier this year, bosses revealed it was ...
Marketplace
1d
When the U.S. Forest Service’s budget shrinks, who pumps campground toilets?
The U.S. Forest Service is likely facing half a billion dollars in budget cuts. This means the federal agency will have less ...
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